Tuesday, 25 March 2014

Global crude oil price of Indian Basket increases to 104.74 per bbl on 21.3.2014

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went up to US$ 104.74 per barrel (bbl) on 21.03.2014. This was   higher than the price of US$ 103.79 per bbl on previous trading day of 20.03.2014
In rupee terms, price of Indian Basket increased marginally to Rs 6394.38 per bbl on 21.03.2014 as compared to Rs 6344.68 per bbl on 20.03.2014. This was due to increase in price in dollar terms rupee depreciation. Rupee closed stronger at Rs 61.05 per US$ on 21.03.2014 as against Rs 61.13 per US$ on previous trading of 20.03.2014. 
The table below gives details in this regard:
Price on March  21, 2014(Previous trading day i.e. 20.03.2014)                                                                   
 For Pricing Fortnight February 27 to March 12, 2014  Effective 16.3.2014
Crude Oil (Indian Basket)
104.74            (103.79)
6394.38          (6344.68)
Exchange Rate
61.05              (61.13)

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